All Corporations articles – Page 157
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News briefs
Skullcandy has obtained a credit line of up to $50...
Skullcandy has obtained a credit line of up to $50 million, secured against the company's assets, from Wells Fargo Bank. The company says it will be used for general corporate purposes. The credit line provides for letters of credit of up to $10 million.
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News briefs
According to its annual report, Nike made more Nike branded...
According to its annual report, Nike made more Nike branded footwear in Vietnam than in China during its latest financial year, ended last May 31. It sourced 42 percent of the volume from Vietnam as compared to 30 percent in China and 26 percent from Indonesia. The report also showed ...
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News briefs
IMG Worldwide has acquired J. Patton Sports Marketing, a leading...
IMG Worldwide has acquired J. Patton Sports Marketing, a leading provider of brand protection and brand management solutions specializing in patented holographic security technologies and digital asset management. Based in the metropolitan area of Atlanta, Georgia, J. Patton develops solutions that help fight against counterfeiting, tampering and product diversions. IMG ...
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News briefs
Foot Locker has completed its previously announced acquisition of Runners...
Foot Locker has completed its previously announced acquisition of Runners Point Group, the German-based specialty athletic retailer, with effect from July 7. With a total turnover of €197 million in 2012, the group operates a good e-commerce platform and more than 200 athletic sports stores under the Runners Point and ...
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News briefs
After redeeming practically all its high-interest bonds, Head has announced...
After redeeming practically all its high-interest bonds, Head has announced the issuance next Sept. 26 of a new €45 million bond with a fixed annual coupon of 5.25 percent. The five-year bond will be denominated in euros and issued by HTM Sport in Switzerland. It will be listed on the ...
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News briefs
Callaway Golf Company has entered into an agreement to retire...
Callaway Golf Company has entered into an agreement to retire 233,843 outstanding 7.5 percent convertible preferred shares. The holders are getting in exchange 2.39 million newly issued convertible shares and special cash dividends. This will leave 183,796 preferred shares still outstanding.
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News briefs
Bike Europe reports that Ideal Bike Corporation is preparing to...
Bike Europe reports that Ideal Bike Corporation is preparing to shift its production for European Union (EU) markets from Taiwan to China, after it obtained an exemption on anti-dumping duties of 48.5 percent for imports of assembled bicycles from China into the EU. Ideal, the third-largest Taiwanese bicycle producer, opened ...
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News briefs
Sergio Tacchini plans to close down its last remaining store...
Sergio Tacchini plans to close down its last remaining store at the end of September as part of its transformation into a brand management and licensing company. The store is located in Gallarate, near Milan. The company has already shut down its factory outlet and its showroom in the area ...
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News briefs
Jarden Corporation is raising the number of shares in its...
Jarden Corporation is raising the number of shares in its secondary offering from 11.6 to 15 million, priced at $47 each. The proceeds of $678.7 million, which would increase to $781.4 million if an overallotment option is exercised, would help finance the group's newly announced acquisition of Yankee Candle Investments, ...
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News briefs
A fire damaged property, equipment and inventories in three factories...
A fire damaged property, equipment and inventories in three factories operated by Yue Yuen in Serang, Indonesia, on July 8. The blaze was brought under control within three hours and nobody was injured, but the company said in a statement that this may delay its deliveries. The production has been ...
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News briefs
Heelys is undergoing a makeover under the ownership of Sequential...
Heelys is undergoing a makeover under the ownership of Sequential Brands Group, which acquired the brand of wheeled footwear at the beginning of this year. A TV commercial due to be broadcast in October in the Americas as well as in Europe and Asia will mark the launch of a ...
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News briefs
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders...
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders that it will have to book extraordinary losses for the current financial year due to the failure of negotiations to take over some of the assets of a major client and partner, which is understood to be Universal Sport. The ...
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Short stops
Quiksilver Europe has told its 738 employees that it is...
Quiksilver Europe has told its 738 employees that it is contemplating the elimination of 38 jobs
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News briefs
There has been some agitation in Billabong International's stock quotation...
There has been some agitation in Billabong International's stock quotation in the past few days, which rose to a high of 65 Australian pennies earlier today. It was probably linked to an investment by Coastal Capital International, which now has 5 percent of the voting shares. Meanwhile, Paul Naude, the ...
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News briefs
Coalision, the holding company behind brands such as Lolë and...
Coalision, the holding company behind brands such as Lolë and Paradox, has announced the sale of Orage, the Canadian ski outerwear brand, to Orage's co-founder, Eric D'Anjou, and a freeskier, Mike Nick. D'Anjou, the original founder of Orage in 1989, will act as Orage's president, overseeing product development, finance and operations. ...
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News briefs
An Italian investment firm, Tamburi Investment Partners (TIP), has paid...
An Italian investment firm, Tamburi Investment Partners (TIP), has paid €103 million for a 14 percent stake in Ruffini Partecipazioni, the company through which Remo Ruffini controls 32 percent of Moncler. Ruffini is also Moncler's chairman and creative director. TIP's investment suggests a mid- to long-term vision for the brand ...
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News briefs
Quiksilver plans to offer $500 million worth of senior secured...
Quiksilver plans to offer $500 million worth of senior secured notes. Half of them would be due in 2018 and the other half in 2020. The bonds will be secured and unconditionally guaranteed on a senior basis by some of Quiksilver's U.S. subsidiaries. The proceeds would be used to redeem ...
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News briefs
Implus has announced the acquisition of the shoe care, insole,...
Implus has announced the acquisition of the shoe care, insole, and shoe lace assets of the Pennsylvania-based Penguin Brands, one of Implus' major competitors in the shoe care category. Implus' family of brands also includes Sof Sole, Yaktrax, Apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Perfect Fitness and ICETrekkers. For ...
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Short stops
Footlocker has completed the acquisition of Runners Point in...
Footlocker has completed the acquisition of Runners Point in Germany
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News briefs
The Swiss renting agency Rent A Bike and the Swiss...
The Swiss renting agency Rent A Bike and the Swiss Intersport, whose equipment rental operations specialize in winter sports equipment, have signed a long-time cooperation for bike rentals in Switzerland, starting with the spring of 2014. Rent A Bike and Intersport will develop a network of rental stations together via ...
